LoneTree Capital, a New York-based growth capital firm, is pleased to announce an expanded leadership team in support of the firm’s next phase of growth. As part of this expansion, Gerald Castaldo has joined the firm as Partner.

“We are thrilled to welcome Gerald to the LoneTree team,” said Matt Koven, Managing Partner at LoneTree. “Gerald and I first met in 2014 and worked side-by-side on multiple transactions over six years at Bregal Sagemount. Reuniting now at LoneTree strengthens our ability to uncover compelling investment opportunities, support exceptional founders, and continue building a world-class team.”

Gerald has spent over a decade investing in and advising high-growth technology businesses and joins LoneTree from H.I.G. Capital. Prior to H.I.G., Gerald spent eight years executing technology investments at Bregal Sagemount. He began his career in the Mergers and Acquisitions group at Greenhill.

“I’m excited to join Matt again and to partner with the LoneTree team at such an exciting moment in the firm’s development,” Castaldo said. “Matt and I are proud to have helped scale our prior firm to $4 billion in AUM while delivering top decile returns, and I’m energized to bring that experience to LoneTree as we continue building a differentiated growth investment platform.”

This announcement follows the successful final close of LoneTree’s inaugural $200 million fund, LoneTree I, which attracted strong backing from a high-quality, diversified LP base including family offices, insurance companies, fund-of-funds, and endowments.

LoneTree enters 2026 with significant momentum. The firm has deployed approximately 70% of LoneTree I across seven platform investments, reflecting strong sourcing velocity and disciplined pacing. Following its most active year to date, highlighted by three new platform investments representing $177 million in aggregate enterprise value, the team continues to drive portfolio performance, M&A, and new investments. With a scaled team, maturing portfolio, process-oriented origination, and strong infrastructure, LoneTree expects to begin fundraising for LoneTree II during 2026.

About LoneTree Capital

Founded in 2021 and headquartered in New York City, LoneTree provides operational and M&A support alongside flexible capital to accelerate revenue growth. The firm enables partner companies – notably, founder-owned bootstrapped businesses, divisions of larger enterprises, and formerly venture-backed companies – to achieve their next stage of growth quicker and with a higher level of certainty. For more information on LoneTree, please visit lonetreecap.com.

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